Kindred Healthcare Sold in $4.1 Billion Deal

Kindred Healthcare (NYSE: KND) on Tuesday announced a definitive agreement to be acquired by a consortium of three companies—Humana Inc. (NYSE: HUM); TPG Capital; and Welsh, Carson, Anderson & Stowe (WCAS)—for about $4.1 billion in cash.

The deal is anticipated to close during the summer of 2018, pending certain closing conditions and agreements among stakeholders.

Ventas Inc. (NYSE: VTR), a Chicago-based real estate investment trust (REIT) that owns 30 long-term acute care hospitals and inpatient rehab facilities operated by Kindred, is supportive of the transaction.

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“We look forward to continuing our partnership with Kindred and working with the new owners as they drive above-market growth and serve increasing numbers of medically-complex patients,” Ventas CEO Debra Cafaro said in a press release.

To learn more about the deal, head over to Home Health Care News.

Written by Mary Kate Nelson

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